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SECTION 1. PURPOSE - irs.gov

Beginning of Construction for the Investment Tax Credit under SECTION 48 Notice 2018-59 SECTION 1. PURPOSE On December 18, 2015, the Consolidated Appropriations Act, 2016, Pub. L. No. 114-113, Div. P, Title III, 303, 129 Stat. 2242, extended and modified the investment tax credit (ITC) under 48 of the Internal Revenue Code (Code). As modified, 48 phases down the ITC for solar energy property the construction of which begins after December 31, 2019, and before January 1, 2022, and further limits the amount of the 48 credit available for solar energy property that is not placed in service before January 1, 2024.

Beginning of Construction for the Investment Tax Credit under Section 48 . Notice 2018-59 . SECTION 1. PURPOSE . On December 18, 2015, the Consolidated Appropriations Act, 2016, Pub. L. No.

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Transcription of SECTION 1. PURPOSE - irs.gov

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